SK Hynix stock drops 10% in South Korea following successful US market entry
Shares of SK Hynix fell more than 10% on the South Korean stock market this Monday, despite the chip manufacturer's impressive performance during its Nasdaq launch last Friday. This drop occurred as shareholders took profits, raising concerns about whether the recent surge in AI memory chip demand was already fully reflected in the company's valuation. Conversely, the stock had jumped 13% during its initial trading session on the Nasdaq on Friday.
by shortkt.com✓